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Asharq Al-Awsat
Asharq Al-Awsat
Technology
Asharq Al-Awsat

Amazon Confirms it Has Begun Laying off Employees

Amazon says it will invest $10 billion for its planned space-based internet delivery system. (AFP)

Amazon confirmed on Thursday that it is laying off staff, after days of rumors that the e-commerce behemoth would become the latest tech giant to unleash a large-scale redundancy plan amid a souring economic environment.

"The economy remains in a challenging spot and we've hired rapidly the last several years," wrote chief executive Andy Jassy in an internal memo published on the Amazon website.

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